A Golden Age Throwback
Up to now Daredevil has had some good artists in Bill Everett, Joe Orlando and Vince Colletta, but with issue #5, the title gets the first of it's great artists; one of the artists who would have a lasting impact on the character: Wallace Wood.
Wally Wood immediately begins that impact by redesigning Daredevil's costume, removing the V neck and giving him the trademark overlapping 'D's on his chest.
The story itself is a bit of a Golden Age throwback, with Daredevil fighting a villain with no more lofty aspirations than to pull off daring crimes purely to satisfy his own bruised ego. That villain, The Matador, is just that, a former bullfighter with no fancy radiation accident powers - nothing more than athletic skill with the sword and cape and some acrobatics. A lot of people will probably call this issue a 'dud' because of the lack of energy blasts and over-the-top villainous plots, but for my money, this kind of plausible street-level villain with a mask is exactly the kind of adversary where Daredevil is its best.
The Matador pulls off crimes like robbing a wall safe during a party in a room full of people, or burglarizing a burglar alarm factory, just to get his name in the papers. Brilliantly simple crimes. He even bests Daredevil with little more than a cape, and likewise, Daredevil must take him down using little more than his wits and fists. If that weren't enough, things are heating up between Foggy Nelson and Karen Page, to the point where Foggy is contemplating popping the question.
Early Daredevil comics were pretty hit-and-miss, but this is one of the better issues.